Blog Posts in March, 2012

  • Millionaire's Wishes Remain Unclear After Death

    || 27-Mar-2012

    A masterpiece of Impressionist art is in the midst of potential probate issues regarding recluse millionaire Huguette Clark's estate. Edgar Degas' painting "Dancer Making Points" is in the fight because Clark executed two wills during her 104-year lifetime and her estate planning is unclear. The first will left Clark's millions to her family, mostly half-nieces and nephews. ...
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  • After Andy Rooney's death in 2011, his four children became his beneficiaries and will divide the $9 million their father made during his many years working as a journalist. His son, however, has suggested that better estate planning may have made a big difference. The will, filed with a court in Manhattan, shows Rooney left behind $8 million in stocks, bonds and cash, and $1 million in ...
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  • Estate planning can save the loved ones of a deceased family member heartache in an already difficult time. An estate administrator can divide the deceased's assets in accordance with a well-written and clear will, warding off possible disputes. For the heirs of Grammy Award winner Gil Scott-Heron, this was not to be. The family's mourning period was marred by disputes over who would ...
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  • If anyone on the planet wouldn't need to worry about money right now, it's the founders of Facebook. The social media site's poster boy, Mark Zuckerberg, has an estimated net worth somewhere north of $17 billion, making him one of the three dozen or so wealthiest people on the planet. Having immense wealth now, however, hasn't lulled Zuckerberg and other Facebook executives into ...
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